← SHERWIN WILLIAMS CO
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $11.9b | $15.0b | $17.5b | $17.9b | $18.4b | $19.9b | $22.1b | $23.1b | $23.1b | $23.6b | |
| Cost of Revenue | $5.9b | $8.2b | $10.1b | $9.9b | $9.7b | $11.4b | $12.8b | $12.3b | $11.9b | $12.1b | |
| Cost of goods sold | $5.9b | $8.2b | $10.1b | $9.9b | $9.7b | $11.4b | $12.8b | $12.3b | $11.9b | $12.1b | |
| Gross Profit | $5.9b | $6.8b | $7.4b | $8.0b | $8.7b | $8.5b | $9.3b | $10.8b | $11.2b | $11.5b | |
| Operating expenses: | |||||||||||
| Operating Income (Loss) | $2.2b | $2.3b | $2.6b | $2.8b | $3.4b | $3.1b | $3.4b | $4.2b | — | — | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $25.6m | $206.8m | $318.1m | $312.8m | $313.4m | $309.5m | $317.1m | $330.2m | $326.6m | $336.6m | |
| Basic (in shares) | — | — | $93.0m | $91.8m | $90.4m | $262.5m | $258.0m | $255.4m | $251.0m | $247.6m | |
| Diluted (in shares) | — | — | $95.0m | $93.4m | $91.9m | $267.1m | $261.8m | $258.3m | $254.1m | $250.4m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($7.3m) | ($450k) | ($7.5m) | ($19.7m) | ($7.2m) | ($12.0m) | ($33.6m) | ($80.5m) | ($3.9m) | ($45.4m) | |
| Gain (Loss) Related to Litigation Settlement | — | — | ($136.3m) | $34.7m | $0 | — | — | — | — | — | |
| Goodwill, Impairment Loss | $10.5m | — | — | — | — | — | — | — | — | — | |
| Impairment | — | — | — | — | — | $0 | $15.5m | $57.9m | $0 | $17.8m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $1.5b | $1.5b | $1.3b | $1.9b | $2.3b | $2.1b | $2.4b | $2.8b | $3.0b | $3.0b | |
| Income (Loss) from Continuing Operations, Per Basic Share | $12 | $20 | $12 | $17 | $22 | $7 | $8 | $9 | $11 | $10 | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $12 | $19 | $12 | $16 | $22 | $7 | $8 | $9 | $11 | $10 | |
| Income taxes | $462.5m | $41.5m | $250.9m | $440.5m | $488.8m | $384.2m | $553.0m | $721.1m | $770.4m | $769.7m | |
| Interest income | ($5.0m) | ($8.6m) | ($5.3m) | — | ($3.6m) | ($4.9m) | ($8.0m) | ($25.2m) | ($11.0m) | ($11.2m) | |
| Investment Income, Interest | — | — | — | — | — | — | $8.0m | $25.2m | — | — | |
| Percent to Net sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $1.6b | $1.5b | $1.4b | $2.0b | $2.5b | $2.2b | $2.6b | $3.1b | $3.5b | $3.3b | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | $1.1b | $1.5b | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | $1.8b | $1.1b | $1.5b | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | $0 | $0 | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | ($41.5m) | — | — | — | — | — | — | — | — | |
| Investment Income, Net | $5.0m | $8.6m | $5.3m | — | — | — | — | — | $11.0m | $11.2m | |
| Income before income taxes | $1.6b | $1.5b | $1.4b | $2.0b | $2.5b | $2.2b | $2.6b | $3.1b | $3.5b | $3.3b | |
| Net Income (Loss) Attributable to Parent | $1.1b | $1.8b | $1.1b | $1.5b | $2.0b | $1.9b | $2.0b | $2.4b | $2.7b | $2.6b | |
| Earnings Per Share, Basic | $4.11 | $6.36 | $3.97 | $5.60 | $7.48 | $7.10 | $7.83 | $9.35 | $10.68 | $10.37 | |
| Earnings Per Share, Diluted | $4.00 | $6.22 | $3.89 | $5.50 | $7.36 | $6.98 | $7.72 | $9.25 | $10.55 | $10.26 | |
| Weighted Average Number of Shares Outstanding, Basic | 275.5m | 278.7m | 279.0m | 275.4m | 271.3m | 262.5m | 258.0m | 255.4m | 251.0m | 247.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 283.5m | 284.8m | 285.0m | 280.3m | 275.8m | 267.1m | 261.8m | 258.3m | 254.1m | 250.4m | |
| Other income (expense): | |||||||||||
| Current Income Tax Expense (Benefit) | $530.8m | $362.1m | $394.3m | $571.6m | $634.1m | $464.5m | $697.8m | $810.0m | $845.3m | $616.5m | |
| Environmental Remediation Expense | $42.9m | $15.4m | $176.3m | $23.0m | $37.1m | ($4.0m) | ($7.1m) | — | — | — | |
| General and Administrative Expense | $415.0m | $503.0m | $884.0m | $512.4m | $514.2m | $500.4m | $433.3m | $634.3m | — | — | |
| Interest Expense | $154.1m | $263.5m | $366.7m | $349.3m | $340.4m | $334.7m | $390.8m | $417.5m | $415.7m | $465.0m | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $415.7m | $465.0m | |
| Interest Expense, Debt | $75.5m | $257.4m | $343.1m | $321.3m | $320.5m | $320.4m | $348.4m | $374.6m | $354.7m | $396.2m | |
| Other General Expense | — | — | — | — | — | — | — | $5.6m | $12.4m | $8.5m | |
| Other Nonoperating Income (Expense) | $4.6m | $17.0m | ($20.1m) | ($16.7m) | ($5.3m) | $19.5m | ($47.0m) | ($65.5m) | $44.7m | ($20.9m) | |
| Other expense (income) - net | ($4.6m) | ($17.0m) | $20.1m | $16.7m | $5.3m | ($19.5m) | $47.0m | $65.5m | ($44.7m) | $20.9m | |
| Other general (income) expense - net | $12.4m | $20.9m | $189.1m | $39.1m | $27.7m | $101.8m | ($24.9m) | $67.1m | ($38.8m) | ($10.2m) | |
| Research and Development Expense | $58.0m | $58.5m | $51.9m | — | — | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | — | — | $47.3m | $15.3m | $0 | $111.0m | |
| Selling, General and Administrative Expense | $4.2b | $4.8b | $5.0b | $5.3b | $5.5b | $5.6b | $6.0b | $7.1b | $7.4b | $7.7b | |
| Selling, general and administrative expenses | $4.2b | $4.8b | $5.0b | $5.3b | $5.5b | $5.6b | $6.0b | $7.1b | $7.4b | $7.7b | |
| Income Tax Expense (Benefit) | $462.5m | ($285.6m) | $250.9m | $440.5m | $488.8m | $384.2m | $553.0m | $721.1m | $770.4m | $769.7m | |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component | — | — | ($10.8m) | $8.0m | $4.9m | $4.4m | $4.0m | ($21.1m) | ($13.1m) | ($13.0m) | |
| Nonoperating Income (Expense) | $4.6m | $17.0m | ($20.1m) | ($16.7m) | ($5.3m) | $19.5m | ($47.0m) | ($65.5m) | $44.7m | ($20.9m) | |
| Other Operating Income (Expense), Net | — | — | — | — | — | ($101.8m) | $24.9m | ($67.1m) | $38.8m | $10.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.